Wednesday, April 4, 2007

UPDATE 2-Monsanto profit beats extimates, raises outlook

(Reuters) - KANSAS CITY, Mo., April 4 - Monsanto Co. posted higher-than-expected second-quarter profit on Wednesday, due largely to continued strong sales of its genetically modified seeds, particularly corn.

Monsanto also said it expects its full-year 2007 earnings per share in the range of $1.60 to $1.65, both on a reported and ongoing basis. Previously, the company's full-year 2007 EPS forecast was at the upper end of the $1.50 to $1.57 range.


Read more at Reuters.com Market News

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